SIA Engineering Company (S59) Q3 24/25 earnings summary

Executive summary

• Revenue increased 11.3% year-over-year to $324.8 million in Q3 FY2024-25, with operating profit turning positive at $4.7 million from a loss last year.

• Net profit rose to $38.2 million, up $11.3 million year-over-year, driven by higher flight volumes and improved joint venture contributions.

• Flights handled in Singapore grew 8.4% year-over-year, surpassing pre-pandemic December 2019 levels.

• Strategic expansion continued with a framework agreement to explore investment in Arport Aircraft Maintenance & Engineering (Fujian).

Financial highlights

• Revenue for Q3 FY2024-25 was $324.8 million, up from $291.7 million in Q3 FY2023-24.

• Operating profit reached $4.7 million, reversing a $3.4 million loss year-over-year.

• Net profit for the quarter was $38.2 million, compared to $26.9 million a year ago.

• Share of profits from associates and joint ventures increased to $32.2 million, up $8.4 million year-over-year.

• Basic earnings per share for the quarter was 3.42 cents.

Outlook and guidance

• MRO demand remains healthy, but the industry faces ongoing supply chain challenges, rising costs, and a tight labor market.

• Implementation of a new Enterprise Operating System aims to improve operational resilience and address supply chain issues.

• Continued investment in capacity, capabilities, and geographic reach to support long-term growth.